Accounting Roundup: Third Quarter in Review — 2010
We’re pleased to announce the latest edition of Accounting Roundup. Like the second quarter of 2010, the third quarter was a busy one for the FASB and IASB as they unveiled their proposals for leases and insurance contracts. For the FASB, the quarter was also marked by the unexpected announcement of the retirement of its chairman and the decision to return the Board to its seven-member structure. How these changes in the FASB composition will affect the standard-setting process remains to be seen.
Things were not quiet in Washington, D.C., either, as President Obama ushered in financial regulatory reform with the signing of the Dodd-Frank Wall Street Reform and Consumer Protection Act (the “Act”) into law. The Act represents only the first step in financial regulatory reform, since regulators are tasked with writing a number of new rules and regulations over the coming months.
Accounting Roundup, published by Deloitte & Touche LLP, briefly describes recent U.S. regulatory and professional developments in the field of accounting. In each issue, visitors find summaries with hyperlinks to more detailed information. Accounting Roundup acts as a resource guide for accounting, financial, investment, legal, tax, and other business professionals.
Find the complete Second Quarter in Review — 2010 issue of Accounting Roundup in the PDF attachment. Or visit our Accounting Roundup Archive, where you can access past issues and other special editions.
Subscribe to receive Deloitte's Accounting Roundup newsletters: